The case involves multiple applications (IA(IBC)/1167(CHE)/2020, IA(IBC)/307(CHE)/2021, IA(IBC)/958(CHE)/2020, and IA(IBC)/1255(CHE)/2021) filed in relation to the Corporate Insolvency Resolution Process (CIRP) of M/s. Supreme Coated Board Mills Private Limited, initiated under CP(IB)/1021(CHE)/2018. The primary application, IA(IBC)/1167(CHE)/2020, was filed by the Resolution Professional (RP) seeking an order for the liquidation of the Corporate Debtor, as no resolution plan was received within the stipulated CIRP period. Other applications pertain to the removal of related parties from the Committee of Creditors (CoC), challenging the resolution for liquidation, and addressing tax arrears.
M/s. Supreme Coated Board Mills Private Limited underwent Corporate Insolvency Resolution Process (CIRP) under CP/1021/IB/2018, with Rajalakshmi Vardarajan appointed as the Interim Resolution Professional (IRP). Public announcement of the CIRP initiation was made on 05.10.2019 and 14.10.2019. The 8th Committee of Creditors (CoC) meeting on 02.06.2020, with 91.80% majority, resolved to recommend liquidation. The 330-day CIRP period ended on 25.08.2020, with no resolution plan received. The RP filed IA(IBC)/1167(CHE)/2020 seeking liquidation. City Union Bank Limited filed IA(IBC)/307(CHE)/2021 seeking removal of related parties from the CoC. An Operational Creditor filed IA(IBC)/958(CHE)/2020 challenging the liquidation resolution. The Assistant Commissioner (ST)(FAC)
…Sign in to view the parties.
CIRP commence…
Order dated 30.09.2019…
The case involves multiple applications (IA(IBC)/1167(CHE)/2020, IA(IBC)/307(CHE)/2021, IA(IBC)/958(CHE)/2020, and IA(IBC)/1255(CHE)/2021) filed in relation to the Corporate Insolvency Resolution Process (CIRP) of M/s. Supreme Coated Board Mills Private Limited, initiated under CP(IB)/1021(CHE)/2018. The primary application, IA(IBC)/1167(CHE)/2020, was filed by the Resolution Professional (RP) seeking an order for the liquidation of the Corporate Debtor, as no resolution plan was received within the stipulated CIRP period. Other applications pertain to the removal of related parties from the Committee of Creditors (CoC), challenging the resolution for liquidation, and addressing tax arrears.
M/s. Supreme Coated Board Mills Private Limited underwent Corporate Insolvency Resolution Process (CIRP) under CP/1021/IB/2018, with Rajalakshmi Vardarajan appointed as the Interim Resolution Professional (IRP). Public announcement of the CIRP initiation was made on 05.10.2019 and 14.10.2019. The 8th Committee of Creditors (CoC) meeting on 02.06.2020, with 91.80% majority, resolved to recommend liquidation. The 330-day CIRP period ended on 25.08.2020, with no resolution plan received. The RP filed IA(IBC)/1167(CHE)/2020 seeking liquidation. City Union Bank Limited filed IA(IBC)/307(CHE)/2021 seeking removal of related parties from the CoC. An Operational Creditor filed IA(IBC)/958(CHE)/2020 challenging the liquidation resolution. The Assistant Commissioner (ST)(FAC)
…CIRP commence…
Order dated 30.09.2019…